Banyan Software Inc Announces Acquisition of Medicat LLC

Wednesday, November 15, 2017 General News
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BOSTON, Nov. 15, 2017 /PRNewswire/ - Banyan Software, a Boston-based company focused on

acquiring, building and growing great enterprise software businesses, is pleased to announce the acquisition of Atlanta-based Medicat LLC, the leading provider of healthcare information technology and services to college
and university student health clinics.

Medicat is the #1 patient health management system in the college health market with over 425 education clients serving 3.5 million students across 47 states and 3 countries. Medicat's fully-integrated single-database suite of products includes practice management with billing, Electronic Health Records, online patient portal, student self check-in, integrated text messaging,  immunization compliance management, sports medicine, and counseling.

"Banyan offers Medicat a great long-term home" says Stacy Kottman, former CEO of Medicat. "Since 2005, we have built an outstanding team committed to serving our clients. We are confident that Banyan will continue this legacy while maintaining our company culture and product innovation."

"We were excited about Medicat's position as the clear market leader in the industry, based on the deep sense of partnership formed with their client community" says David Berkal, founder of Banyan Software, who is now CEO of Medicat. "I look forward to working with the entire Medicat team in continuing the mission to deliver the 'Best Product, Superb Implementation and Unsurpassed Support'."

ABOUT MEDICAT:Medicat is the market leader of hosted and on-premise patient health management solutions for college and university student health clinics. Medicat was the first college health solution to achieve the ONC Health Certification, offer ePrescribing, paperless immunization compliance and compliance services. Medicat guarantees 99.99% uptime and is the leading college health EMR when it comes to security, recently earning SOC 2 Type 1 certification. For more information, please visit: http://www.medicat.com

ABOUT BANYAN SOFTWARE:Banyan Software acquires, builds and grows great enterprise software businesses. Founded in 2016, Banyan is backed by a world-class group of CEOs and investors with deep technology experience. With a permanent capital base, Banyan focuses on a buy and hold for life strategy for growing software companies that serve specialized markets. For more information, please visit: http://www.banyansoftware.com

SOURCE Banyan Software



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